Hapag-Lloyd closed the first half of 2025 with a Group EBITDA of USD 1.9 billion (EUR 1.8 billion), while EBIT declined to USD 0.7 billion (EUR 0.6 billion) and net profit to USD 0.8 billion (EUR 0.7 billion). The company pointed to volatile U.S. trade policies, port congestion, and heightened security concerns in the Red Sea as key operational hurdles.
Liner Shipping Segment Drives Revenue Growth
In the Liner Shipping segment, revenues climbed to USD 10.4 billion (EUR 9.5 billion), fueled by an 11% increase in transport volumes, reaching 6.7 million TEU compared to 6.1 million TEU in H1 2024. Average freight rates held steady at USD 1,400/TEU. Despite the higher volumes, segment EBITDA dipped to USD 1.8 billion (EUR 1.7 billion) and EBIT to USD 0.6 billion (EUR 0.6 billion), impacted by start-up costs for the Gemini network and inflationary pressures.
Terminal & Infrastructure Segment Sees Growth
The Terminal & Infrastructure segment delivered strong results, with EBITDA rising to USD 79 million (EUR 72 million) and EBIT to USD 37 million (EUR 34 million). The portfolio was further bolstered in March with the acquisition of a majority stake in CNMP LH in Le Havre, France.
CEO Rolf Habben Jansen praised the company’s resilience, stating:
“In a volatile market, we significantly increased our transport volume and ended the first half of the year on a solid note. We have gotten our Gemini network off to a very successful start and are setting new standards in schedule reliability.”
Refined Earnings Outlook for 2025
Looking ahead, Hapag-Lloyd has adjusted its 2025 earnings forecast, projecting Group EBITDA between USD 2.8–3.8 billion (EUR 2.5–3.4 billion) and EBIT between USD 0.25–1.25 billion (EUR 0.2–1.1 billion). However, the company remains cautious, citing geopolitical uncertainties and fluctuating freight rates as potential challenges.
Source: ©IndiaSeatradeNews